alle banche con le aste a breve termine

candel

Senior Member
english Irish.
Hi could anyone clarify this sentence for me: thanks very much. It is about the banking crisis and sovereign debt crisis running through to the present of 2012.

Infatti, almeno fino al 15 gennaio del 2013, ha spiegato Draghi, la Bce procedera' al collocamento di liquidita' illimitata alle banche con le aste a breve termine perche', ha rivelato il presidente Bce, il ''mercato interbancario non sta funzionando''.

In fact, at least up until the fifteenth of January 2013, explained Draghi, the ECB will proceed with an employment of unlimited liquidity to the banks using short term auctions, revealed the president of the ECB, the inter-banking market is not working.
 
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